Latest news with #PortlandGeneralElectric
Yahoo
5 days ago
- Business
- Yahoo
Portland General Electric Co (POR) Q2 2025 Earnings Call Highlights: Strong Industrial Growth ...
GAAP Net Income: $62 million or $0.56 per diluted share for Q2 2025. Non-GAAP Net Income: $73 million or $0.66 per diluted share for Q2 2025. Total Load Increase: 4.9% overall and 6.1% weather-adjusted compared to Q2 2024. Residential Load: Decreased 2.3% quarter over quarter, increased 1% weather-adjusted. Commercial Load: Increased 0.3% overall, 0.7% weather-adjusted. Industrial Load: Increased 16.5% on a nominal and weather-adjusted basis. Revenue Increase: $0.32 EPS increase driven by demand growth and improved recovery. Operations and Maintenance Expenses: $0.06 EPS increase due to cost management and optimization. Other Operating Expenses: $0.13 EPS decrease from higher depreciation, amortization, and interest expense. Business Transformation and Optimization Expenses: $0.10 EPS decrease. Liquidity: Total liquidity at the end of Q2 was $980 million. 2025 Adjusted Earnings Guidance: Reaffirmed at $3.13 to $3.33 per diluted share. Long-term Earnings and Dividend Growth Guidance: 5% to 7%. Warning! GuruFocus has detected 9 Warning Signs with POR. Release Date: July 25, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Portland General Electric Co (NYSE:POR) reported strong execution across its business and significant advances in its strategic priorities, including clean energy investments and customer affordability. The company experienced a 16.5% increase in industrial load demand, particularly from data centers, highlighting robust growth in this sector. Portland General Electric Co (NYSE:POR) is focused on maximizing federal tax credits to lower the cost of clean energy and keep customer prices low. The Oregon legislature passed the Power Act, which enhances regulatory flexibility and supports long-term contracting with data center customers. The company reaffirmed its 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted share and its long-term earnings and dividend growth guidance of 5% to 7%. Negative Points Portland General Electric Co (NYSE:POR) made the difficult decision to reduce 330 employed and contracted positions as part of its cost management efforts. The company reported a decrease in residential load by 2.3% quarter over quarter, although it increased 1% when weather-adjusted. There was a $0.20 decrease in EPS from power costs due to less favorable wholesale and environmental credit market conditions. The company faces ongoing challenges with wildfire policy and is focused on supporting policies that clarify standards for wildfire mitigation. Portland General Electric Co (NYSE:POR) is undergoing business transformation and optimization efforts, which will incur costs into next year. Q & A Highlights Q: How does the MOU inform the path through the Seaside and distribution recovery proceedings compared to a general rate case? A: Maria Pope, CEO, explained that the MOU allows for front-loaded discussions, aligning interests and shared understanding before entering rate review proceedings. This approach should lead to certainty, predictability, and value creation, with the Seaside battery project expected to conclude in October and the DSP ARM in April. Q: Can you discuss the impact of the 2023 and 2025 RFPs on tax credit eligibility and procurement acceleration? A: Joseph Trpik, CFO, noted that the 2023 RFP repricing allows bidders to price in previously uncertain factors, providing clarity. The 2025 RFP will focus on identifying bidders with tax credit eligibility to minimize customer price impacts, with potential acceleration of procurement from the 2023 RFP. Q: How will House Bill 3179 and the DSP filing affect ROEs until new base rates are set? A: Joseph Trpik stated that the combination of cost management actions and case timing is expected to maintain the current ROE range of 8.8% to 9.1%, with no additional lag anticipated. The regulatory and growth plans are aligned with this expectation. Q: What is the impact of the Fair Act on rate timing and investment adjustments? A: Maria Pope highlighted that the Fair Act facilitates multiyear rate making and aligns customer price changes with less challenging months. Internal adjustments are needed, but overall, the Act provides increased securitization and supports long-term rate making discussions. Q: How does the industrial demand growth affect power costs and wholesale market dynamics? A: Maria Pope explained that long-term contracts with key customers, particularly data centers, will tie investments into infrastructure, reducing power cost pressures. Initiatives like battery storage and joining the Energy Day-Ahead Market will further smooth customer prices and lower costs. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
5 days ago
- Business
- Business Insider
Portland General Electric files automatic mixed securities shelf
16:03 EDT Portland General Electric (POR) files automatic mixed securities shelf Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
16-07-2025
- Business
- Yahoo
Portland General Electric layoffs impact dozens of workers Tuesday
PORTLAND, Ore. (KOIN) – Portland General Electric laid off dozens of its employees Tuesday. A spokesperson confirmed the staff reductions, which impacted 53 of the company's employees, to KOIN 6 News on Wednesday. PGE also closed 154 open positions and closed 123 contract worker positions. Portland bridges see extended lifts Wednesday for NOAA survey work A PGE spokesperson shared the following statement: 'Society's need for electricity is growing rapidly at the same time we are transitioning to cleaner energy and strengthening the grid to address the growing risk of wildfire and extreme weather. All these needed investments put pressure on costs and customer bills. Yesterday, as part of Portland General Electric's ongoing work to keep bills as low as possible, we made strategic staffing reductions that impacted 330 positions, including 53 full-time employees,123 contract worker positions, and closing 154 unfilled open positions.' These layoffs come amid several other layoffs impacting state residents, including those working for the Oregon Department of Transportation and Intel. Stay with KOIN 6 News as this story develops. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
09-07-2025
- Business
- Yahoo
Why Philip Morris, CubeSmart, And Portland General Electric Are Winners For Passive Income
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Philip Morris, CubeSmart, and Portland General Electric have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3% to 5%. Philip Morris International Inc. (NYSE:PM) is a multinational tobacco company that offers cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products under the IQOS and ZYN brands. Don't Miss: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. . GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — Philip Morris has raised its dividends every year for the past 17 years. In its most recent dividend hike announcement on Sept. 12, the company increased the quarterly payout from $1.30 to $1.35 per share, equaling an annual figure of $5.40 per share. More recently, in its dividend announcement on June 13, the company maintained the payout at the same level. The current dividend yield on the stock is 3.07%. The company's annual revenue as of March 31 stood at $38.39 billion. The company on April 23 posted Q1 2025 revenues of $9.30 billion and EPS of $1.69, both beating the consensus estimates. Check out this article by Benzinga to learn how much you would have made owning Philip Morris stock in the last 5 years. Trending: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — CubeSmart (NYSE:CUBE) is a real estate investment trust that acquires, owns and manages self-storage facilities throughout the U.S. CubeSmart has increased its dividends consecutively for the last 15 years. In its most recent dividend hike announcement on Dec. 13, the company's board raised the quarterly payout by 2% to $0.52 per share, equal to an annual figure of $2.08 per share. More recently, in its dividend announcement on May 20, the company maintained the payout at the same level. The current dividend yield on the stock is 4.83%. The company's annual revenue as of March 31 stood at $1.08 billion. The company on May 1 posted Q1 2025 revenues of $273.04 million and EPS of $0.64, both beating Street expectations. Check out this article by Benzinga for eight analysts' insights on General Electric Co. (NYSE:POR) is an integrated electric utility company, that generates, purchases, distributes, and sells electricity in the state of Oregon. Portland General Electric has raised its dividends every year for the last 19 years. In its most recent dividend hike announcement last April 18, the company increased the quarterly payout by 5% to $0.525 per share, equal to $2.10 per share annually. The current dividend yield on the stock stands at 5.16%. The company's annual revenue as of March 31 stood at $3.44 billion. In its most recent earnings release on April 25, it posted Q1 2025 revenues of $928 million and EPS of $0.91, both missing the consensus estimates. Philip Morris, CubeSmart, and Portland General Electric are good choices for investors seeking reliable passive income. Their dividend yields of around 3% to 5% and long history of consistent hikes make them attractive to income-focused investors. Read Next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Image: Shutterstock This article Why Philip Morris, CubeSmart, And Portland General Electric Are Winners For Passive Income originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-06-2025
- Business
- Yahoo
Portland General Electric schedules earnings release and conference call for Friday, July 25
PORTLAND, Ore., June 25, 2025 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, July 25, to review its second quarter 2025 financial results. Portland General Electric plans to release its second quarter 2025 earnings summary before financial markets open in the United States on July 25. The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations. To hear the conference call by webcast, log on to Portland General Electric's investor website at select Events & Presentations from the menu, and the webcast will be listed under Upcoming Events. A replay of the webcast will be available beginning at 2 p.m. ET on July 25. The webcast replay will be listed under Archived Events within the investor website Events & Presentations page. About Portland General Electric Company: Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to over 950,000 customers serving an area of 1.9 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering social progress, delivering safe, affordable, reliable and increasingly clean electricity while working to transform energy systems to meet evolving customer needs. PGE customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE was ranked the No. 1 utility in the 2024 Forrester U.S. Customer Experience Index and is committed to reducing emissions from its retail power supply by 80% by 2030 and 100% by 2040. In 2024, PGE employees, retirees and the PGE Foundation donated $5.5 million and volunteered nearly 23,000 hours to more than 480 nonprofit organizations. For more information visit For more information please contact:Nick White, PGE, 503-464-8073 Source: Portland General Company View original content to download multimedia: SOURCE Portland General Company
